Investment Q&A

• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $43.24)
  • $43.24 P/E (TTM): 15.96X Cap: $1.13B
  • View CDZ Profile
  • View Questions on CDZ

Q: would it be duplication to own both ZDV and CDZ in the same unregistered account? should I go with the highest yielding one? I note that CDZ holds more financial, could that be a drawback going down the road?

Upvote 2

Read Answer Asked by steve on February 11, 2026

• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• iShares Canadian Select Dividend Index ETF (XDV $41.60)
  • $41.60 P/E (TTM): 12.91X Cap: $2.25B
  • View XDV Profile
  • View Questions on XDV
• iShares S&P/TSX Composite High Dividend Index ETF (XEI $35.12)
  • $35.12 P/E (TTM): 13.77X Cap: $3.26B
  • View XEI Profile
  • View Questions on XEI
• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $65.76)
  • $65.76 P/E (TTM): 12.53X Cap: $6.31B
  • View VDY Profile
  • View Questions on VDY

Q: What are the best return Canadian dividend etfs you can recommend?

Upvote 13

Read Answer Asked by Kim on November 11, 2025

• Philip Morris International Inc (PM $187.51)
  • $187.51 P/E (TTM): 25.83X Cap: $291.89B
  • View PM Profile
  • View Questions on PM
• Enbridge Inc. (ENB $73.30)
  • $73.30 P/E (TTM): 28.03X Cap: $159.88B
  • View ENB Profile
  • View Questions on ENB
  • View Reports on ENB
• Brookfield Renewable Partners L.P. (BEP.UN $43.29)
  • $43.29 Cap: $28.48B
  • View BEP.UN Profile
  • View Questions on BEP.UN
  • View Reports on BEP.UN
• North West Company Inc. (The) (NWC $54.73)
  • $54.73 P/E (TTM): 18.68X Cap: $2.60B
  • View NWC Profile
  • View Questions on NWC
  • View Reports on NWC
• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• iShares S&P/TSX Composite High Dividend Index ETF (XEI $35.12)
  • $35.12 P/E (TTM): 13.77X Cap: $3.26B
  • View XEI Profile
  • View Questions on XEI
• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $43.24)
  • $43.24 P/E (TTM): 15.96X Cap: $1.13B
  • View CDZ Profile
  • View Questions on CDZ
• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $65.76)
  • $65.76 P/E (TTM): 12.53X Cap: $6.31B
  • View VDY Profile
  • View Questions on VDY
• Vanguard U.S. Dividend Appreciation Index ETF (VGG $105.32)
  • $105.32 Cap: $2.31B
  • View VGG Profile
  • View Questions on VGG
• British American Tobacco p.l.c. (BTI $59.50)
  • $59.50 P/E (TTM): 32.01X Cap: $129.67B
  • View BTI Profile
  • View Questions on BTI

Q: I want to start drawing some yield income from my TFSA.
What would be your top 5 etf or stocks?Good yield,Low to Moderate risk.
Thankyou

Upvote 6

Read Answer Asked by Steve on November 04, 2025

• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• BMO Equal Weight Utilities Index ETF (ZUT $27.22)
  • $27.22 P/E (TTM): 17.83X Cap: $854M
  • View ZUT Profile
  • View Questions on ZUT
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $38.42)
  • $38.42 P/E (TTM): 12.05X Cap: $4.14B
  • View XDIV Profile
  • View Questions on XDIV
• Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $16.23)
  • $16.23 P/E (TTM): 14.15X Cap: $2.04B
  • View HMAX Profile
  • View Questions on HMAX
• Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.68)
  • $13.68 P/E (TTM): 15.01X Cap: $1.12B
  • View UMAX Profile
  • View Questions on UMAX
• Evolve Canadian Utilities Enhanced Yield Index Fund (UTES $9.59)
  • $9.59 P/E (TTM): 17.05X Cap: $297M
  • View UTES Profile
  • View Questions on UTES

Q: Hi,

I’m a real estate investor and I love monthly distributions—HMAX and UMAX felt a lot like collecting rent. However, after realizing a significant portion of their payouts is ROC, I’m exploring alternatives that offer high dividends, low ROC, DRIP eligibility, and potential capital appreciation.

My horizon is 20+ years. Could you suggest 2–3 ETF ideas in Financials and Utilities that fit this profile in the Canadian market ideally or global.

Thanks,

Upvote 4

Read Answer Asked by Richard on August 25, 2025

• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV

Q: I'm looking at an investment horizon of at least 5 years and would like to acquire ZDV etf. Given the current economic roller coaster that we are on with the US with it's ever-changing tariffs, what would be a reasonable price to buy ZDV?

Also, would you prefer to buy it in a registered account or a non-registered account? Please explain why.

Thank you for your assistance and have a wonderful weekend.

Upvote 3

Read Answer Asked by Cathy on June 09, 2025

• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $43.24)
  • $43.24 P/E (TTM): 15.96X Cap: $1.13B
  • View CDZ Profile
  • View Questions on CDZ
• Vanguard Balanced ETF Portfolio (VBAL $37.77)
  • $37.77 P/E (TTM): 6.89X Cap: $4.75B
  • View VBAL Profile
  • View Questions on VBAL

Q: Hi 5i!

A question for a friend looking for a new investment instead of csav and cash as interest rates are reduced.

He already have XQQ and ZSP.

1. He is looking for an etf of canadian dividends stocks, do you have a suggestion?

2. What would you propose now for lower risk tolerence?

Upvote 3

Read Answer Asked by Francois on December 20, 2024

• BMO Aggregate Bond Index ETF (ZAG $13.96)
  • $13.96 Cap: $12.23B
  • View ZAG Profile
  • View Questions on ZAG
• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• BMO Covered Call Canadian Banks ETF (ZWB $25.62)
  • $25.62 P/E (TTM): 11.7X
  • View ZWB Profile
  • View Questions on ZWB
• BMO Equal Weight REITs Index ETF (ZRE $23.10)
  • $23.10 P/E (TTM): 24.02X Cap: $604M
  • View ZRE Profile
  • View Questions on ZRE
• BMO Monthly Income ETF (ZMI $19.22)
  • $19.22 P/E (TTM): 16.68X Cap: $214M
  • View ZMI Profile
  • View Questions on ZMI

Q: Hi Gang
What are your 5 top Canadian income ETFs

Thanks Mike B

Upvote 11

Read Answer Asked by Mike on November 26, 2024

• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• iShares S&P/TSX Composite High Dividend Index ETF (XEI $35.12)
  • $35.12 P/E (TTM): 13.77X Cap: $3.26B
  • View XEI Profile
  • View Questions on XEI
• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $65.76)
  • $65.76 P/E (TTM): 12.53X Cap: $6.31B
  • View VDY Profile
  • View Questions on VDY

Q: I want to keep a portion of my money in safer/ income producing assets. I have a sum of money in a high interest cash account > 4.25%. What is the difference between the 2? Would it not make sense to keep all the money in the cash acct? Or what would the pros and cons of this be?

Upvote 3

Read Answer Asked by Danielle on October 23, 2024

• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $43.24)
  • $43.24 P/E (TTM): 15.96X Cap: $1.13B
  • View CDZ Profile
  • View Questions on CDZ
• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $65.76)
  • $65.76 P/E (TTM): 12.53X Cap: $6.31B
  • View VDY Profile
  • View Questions on VDY

Q: Please recommend a Canadian low volatility dividend etf
I am primarily interested in income with possibility of some growth
5-10 year horizon
Many thanks

Upvote 4

Read Answer Asked by Peter on October 08, 2024

• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• BMO Equal Weight Utilities Index ETF (ZUT $27.22)
  • $27.22 P/E (TTM): 17.83X Cap: $854M
  • View ZUT Profile
  • View Questions on ZUT
• BMO Equal Weight Banks Index ETF (ZEB $59.83)
  • $59.83 P/E (TTM): 15.25X Cap: $5.18B
  • View ZEB Profile
  • View Questions on ZEB
• iShares S&P/TSX Composite High Dividend Index ETF (XEI $35.12)
  • $35.12 P/E (TTM): 13.77X Cap: $3.26B
  • View XEI Profile
  • View Questions on XEI
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $38.42)
  • $38.42 P/E (TTM): 12.05X Cap: $4.14B
  • View XDIV Profile
  • View Questions on XDIV

Q: I currently own ZEB, ZUT AND ZDV for income. I'm considering to add one of either XEI or XDIV or sell my holdings and consolidate into one of either XEI or XDIV. Please advise whether adding or consolidating is better and which of XEI and XDIV is the better one. Please take as many credits as required.

Thanks 5i !! Ken

Upvote 3

Read Answer Asked by Kenneth on October 07, 2024

• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $43.24)
  • $43.24 P/E (TTM): 15.96X Cap: $1.13B
  • View CDZ Profile
  • View Questions on CDZ
• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $65.76)
  • $65.76 P/E (TTM): 12.53X Cap: $6.31B
  • View VDY Profile
  • View Questions on VDY

Q: Interested in dividend etfs and looking at these 3
How can I find information on the general holdings of each? For example is weighting mostly financials ? utilities ? etc. Mo point in buying 2 with similar weightings!
Is there a sight that discloses holdings in each or at least general weightings.
Do you have a favorite among these 3 or another to recommend. Goal us income with some growth but primarily income 5 year horizon
Many thanks for great service
Peter

Upvote 5

Read Answer Asked by Peter on September 13, 2024

• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $43.24)
  • $43.24 P/E (TTM): 15.96X Cap: $1.13B
  • View CDZ Profile
  • View Questions on CDZ
• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $65.76)
  • $65.76 P/E (TTM): 12.53X Cap: $6.31B
  • View VDY Profile
  • View Questions on VDY
• Invesco BuyBack Achievers ETF (PKW $137.86)
  • $137.86 P/E (TTM): 15.44X Cap: $1.63B
  • View PKW Profile
  • View Questions on PKW
• Vanguard Dividend Appreciation FTF (VIG $227.26)
  • $227.26 P/E (TTM): 25.07X Cap: $100.95B
  • View VIG Profile
  • View Questions on VIG

Q: Could you please suggest 2 or 3 dividend ETFs that I could look at to increase the amount of dividends in my account.

Thank you
Paula

Upvote 1

Read Answer Asked by Paula on August 29, 2024

• Canadian Pacific Kansas City Limited (CP $114.10)
  • $114.10 P/E (TTM): 24.8X Cap: $102.78B
  • View CP Profile
  • View Questions on CP
• Constellation Software Inc. (CSU $2,356.67)
  • $2,356.67 P/E (TTM): 55.25X Cap: $49.94B
  • View CSU Profile
  • View Questions on CSU
  • View Reports on CSU
• Descartes Systems Group Inc. (The) (DSG $89.57)
  • $89.57 P/E (TTM): 39.04X Cap: $7.70B
  • View DSG Profile
  • View Questions on DSG
  • View Reports on DSG
• Thomson Reuters Corporation (TRI $118.45)
  • $118.45 P/E (TTM): 22.43X Cap: $52.69B
  • View TRI Profile
  • View Questions on TRI
• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $43.24)
  • $43.24 P/E (TTM): 15.96X Cap: $1.13B
  • View CDZ Profile
  • View Questions on CDZ
• Vanguard Balanced ETF Portfolio (VBAL $37.77)
  • $37.77 P/E (TTM): 6.89X Cap: $4.75B
  • View VBAL Profile
  • View Questions on VBAL
• Brookfield Corporation Class A Limited Voting Shares (BN $65.06)
  • $65.06 P/E (TTM): 95.84X Cap: $146.08B
  • View BN Profile
  • View Questions on BN

Q: Thank you for your answer on stocks and ETF'S for my son's FHSA account that is starting. The answer included mostly US domiciled names/ETF's and we are looking at Canadian names. Could you recommend a combination of Canadian blue chips and ETF's for a 7 year time frame to monthly contribute and compound before needing funds for a home buyer withdrawal
Thank you

Upvote 0

Read Answer Asked by Harry on September 28, 2023

• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• iShares S&P/TSX Composite High Dividend Index ETF (XEI $35.12)
  • $35.12 P/E (TTM): 13.77X Cap: $3.26B
  • View XEI Profile
  • View Questions on XEI
• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $43.24)
  • $43.24 P/E (TTM): 15.96X Cap: $1.13B
  • View CDZ Profile
  • View Questions on CDZ
• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $65.76)
  • $65.76 P/E (TTM): 12.53X Cap: $6.31B
  • View VDY Profile
  • View Questions on VDY
• Global X Canadian High Dividend Index Corporate Class ETF (HXH $72.25)
  • $72.25 Cap: $203M
  • View HXH Profile
  • View Questions on HXH

Q: Good morning, I’m wondering if you could provide a list of a few dividend ETFs for a TFSA. Looking to contribute every two weeks. Currently hold XEI. Thanks

Upvote 0

Read Answer Asked by Seamus on September 20, 2023

• BCE Inc. (BCE $35.01)
  • $35.01 P/E (TTM): 5.26X Cap: $32.64B
  • View BCE Profile
  • View Questions on BCE
• Rogers Communications Inc. Class B Non-voting Shares (RCI.B $52.87)
  • $52.87 P/E (TTM): 4.29X Cap: $28.87B
  • View RCI.B Profile
  • View Questions on RCI.B
• TELUS Corporation (T $18.35)
  • $18.35 P/E (TTM): 23.83X Cap: $28.40B
  • View T Profile
  • View Questions on T
• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV

Q: Dear 5i team.

Does it make sense to just buy equal amounts of the big three in Canada, or is there an ETF that provides good exposure to these, along with other adjacent companies?Thanks for your help.

Upvote 0

Read Answer Asked by Arthur on August 23, 2023

• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• iShares Canadian Select Dividend Index ETF (XDV $41.60)
  • $41.60 P/E (TTM): 12.91X Cap: $2.25B
  • View XDV Profile
  • View Questions on XDV
• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $43.24)
  • $43.24 P/E (TTM): 15.96X Cap: $1.13B
  • View CDZ Profile
  • View Questions on CDZ
• Vanguard Canadian Aggregate Bond Index ETF (VAB $23.26)
  • $23.26 Cap: $6.91B
  • View VAB Profile
  • View Questions on VAB
• iShares Core U.S. Aggregate Bond ETF (AGG $100.99)
  • $100.99 Cap: $139.64B
  • View AGG Profile
  • View Questions on AGG

Q: I've had it with my entire pack of pref shares ( individual and ETF) and am ready to punt the lot. I'd like to replace them all with a bond ETF or even a diversified Canadian equity ETF that pays dividends. Your suggestions are most appreciated. Thanks

Upvote 0

Read Answer Asked by alex on July 18, 2023

• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• iShares S&P/TSX Composite High Dividend Index ETF (XEI $35.12)
  • $35.12 P/E (TTM): 13.77X Cap: $3.26B
  • View XEI Profile
  • View Questions on XEI
• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $65.76)
  • $65.76 P/E (TTM): 12.53X Cap: $6.31B
  • View VDY Profile
  • View Questions on VDY
• Global X Canadian High Dividend Index Corporate Class ETF (HXH $72.25)
  • $72.25 Cap: $203M
  • View HXH Profile
  • View Questions on HXH

Q: I am looking for the top 2 Canadian dividend ETFs to hold mostly in registered accounts. I screened for MERs less than about 0.4 and current yields of about 4.5% or more and came up with: ZDV, XEI and VDY. How would you rank these for long-term holdings; best first. XEI is tied for the lowest MER and has the highest yield, with 29% energy, 29% financial and 17% utilities. VDY has the largest AUM at $2B but high financials at 54% and low utilities at 6%. Finally, I would like to invest in HXH in unregistered accounts but I am concerned about the low daily trading an small AUM at $92M. Thank you!!

Upvote 0

Read Answer Asked by Grant on July 13, 2023

• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $43.24)
  • $43.24 P/E (TTM): 15.96X Cap: $1.13B
  • View CDZ Profile
  • View Questions on CDZ

Q: Good morning!
I am looking for what I assume would possibly be an ETF for dividend payers that someone who is not into equity buying/selling could buy and hold in relative safety, with either a distribution paid or (if dividends not paid out directly) would appreciate accordingly and then be periodically sold to have a steady income. I am contrasting this with annuities, or active portfolio management, but am open to any other suggestions you might have.
Thanks!
Paul K

Upvote 0

Read Answer Asked by Paul on June 12, 2023

• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV
• Global X Active Canadian Dividend ETF (HAL $28.52)
  • $28.52 P/E (TTM): 14.93X Cap: $118M
  • View HAL Profile
  • View Questions on HAL
• Global X S&P/TSX 60 Index Corporate Class ETF (HXT $85.81)
  • $85.81 Cap: $4.77B
  • View HXT Profile
  • View Questions on HXT
• iShares Canadian Select Dividend Index ETF (XDV $41.60)
  • $41.60 P/E (TTM): 12.91X Cap: $2.25B
  • View XDV Profile
  • View Questions on XDV
• iShares S&P/TSX Composite High Dividend Index ETF (XEI $35.12)
  • $35.12 P/E (TTM): 13.77X Cap: $3.26B
  • View XEI Profile
  • View Questions on XEI
• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $43.24)
  • $43.24 P/E (TTM): 15.96X Cap: $1.13B
  • View CDZ Profile
  • View Questions on CDZ
• Invesco Canadian Dividend Index ETF (PDC $44.19)
  • $44.19 P/E (TTM): 14.96X Cap: $976M
  • View PDC Profile
  • View Questions on PDC
• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $65.76)
  • $65.76 P/E (TTM): 12.53X Cap: $6.31B
  • View VDY Profile
  • View Questions on VDY

Q: From a dividend growth and overall return perspective, could you please rank the above etfs ? I do not need the income so my preference would go to HXT. Am I getting exposed to a lot more volatility in your opinion ?

Upvote 0

Read Answer Asked by Paul on February 06, 2023

• BMO Canadian Dividend ETF (ZDV $29.57)
  • $29.57 P/E (TTM): 11.91X Cap: $1.56B
  • View ZDV Profile
  • View Questions on ZDV

Q: Good Morning and Happy New Year

I have a few different accounts and I am very well diversified with dividend payers across the board assuming it was one big account. I will be getting one more registered account where contributions will be small and it will not have a lot of funds. I am going to treat this account as if it was on its own. Right now all I have in it is ZDV. I know it is hard to be diversified with only 4 holdings but if I were only to hold 4 stocks in this account what 3 others would you recommend to go with ZDV? I would like to have all 4 paying a dividend as well.

Thanks

Upvote 0

Read Answer Asked by Jimmy on January 10, 2023